Sunday, September 27, 2020
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Japanese Crypto Exchange Accuses Binance of Helping Launder $9M From 2018 Hack

A Japanese cryptocurrency exchange that suffered from a $60 million hack in 2018 is suing Binance for “aiding and abetting” the laundering of some of the stolen funds. According to a complaint filed by Fisco in the Northern California District Court on Sept. 14, the Japanese exchange alleged that soon after

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Canadian Regulator Accuses Coinsquare of Wash Trading

Canadian regulator Ontario Securities Commission (OSC) has accused embattled exchange Coinsquare of market manipulation and misleading clients about trading volumes.The OSC alleged Coinsquare, which has been accused of wash-trading and reports of a hack, had “engaged in conduct contrary to Ontario security laws.” The regulator also named founder Virgile Rostand,

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Chinese Regulator Accuses Crypto Exchanges of Fraudulent Volumes

The National Internet Finance Association of China (NIFA) warned investors that cryptocurrency exchanges located outside of the country are engaged in manipulative practices on April 2.The People’s Bank of China (PBoC)-affiliated regulator cautioned investors that many off-shore exchanges wash trade to fake trade volume and engage in underhanded tactics

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‘Crypto Mom’ Accuses SEC of ‘Shifting Standards’ Following Bitcoin ETF Rejection

The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements.Commissioner Hester ‘Crypto Mom’ Peirce has publicly disagreed with the rejection.NYSE Arca had submitted a proposed rule change

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Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation.“Largest bubble in history”Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been involved in defrauding investors, manipulating markets and concealing illicit

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UK’s Ad Regulator Accuses BitMEX Exchange of Misleading Bitcoin Graph

The advertising regulator ASA notes that BitMEX ads breached the code along with the lack of clear explanation of the risks involved with the BTC investments.On Wednesday, August 14, the U.K. Advertising Standards Authority (ASA) has upheld its complaint against the crypto derivatives platform BitMEX for showing a “misleading” Bitcoin

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Mining Giant Bitmain Accuses Mangocoin of Exploiting its Brand Name

Bitmain, the Beijing-based major cryptocurrency mining company, has recently published in an official blog post a the little-known cryptocurrency ‘Mangocoin’ (MGC) has frequently used the ‘Bitmain’ brand name. This was apparently intended to sale the so-called product ‘Bitmain Cloud Miner’ and to promote Mangocoin on its website and applications.Bitmain has

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